GM agrees to pay $900M in criminal case over ignition switch defects
Detroit-based automaker General Motors Co. agreed to pay $900 million to conclude an investigation into how the company handled defective ignition switches that have been linked to 124 fatalities in the U.S., two sources informed Reuters.
Although GM will face criminal charges over its failure to disclose information to federal regulators regarding the defect, consequently leading to consumer fraud, the case will temporarily be shelved as GM fulfills terms of the deal.
Private individuals, who are mainly part of GM’s management, will not be named as defendants in the case against the automaker, the source said.
If you wish to take legal action against the manufacturer of a dangerous or defective product that has caused you harm, you can get in touch with our attorneys at the Chris Mayo Law Firm in San Antonio by calling our offices today at 210-999-9999.